So much for PoS from PoW for ETH

[FP91G]

Even before the core developers met, they’d determined that Beacon Chain withdrawals, or EIP 4895, was definitely going to be part of the fork. This means that once Ethereum goes through its next upgrade, users that staked ether prior to the Merge by locking them up in the Beacon Chain smart contract will be able to access them, along with any additional accrued rewards.

By the end of this call, the timeline for Shanghai wasn’t any clearer. Some developers want to expedite Shanghai and include only the ETH withdrawal EIP along with a few other smaller EIPs, sometime in March 2023. Then, a subsequent fork would include another significant scaling upgrade – proto-danksharding – and would ship sometime during the fall of 2023.

https://www.coindesk.com/tech/2022/11/24/ethereum-developers-agree-on-what-could-be-included-in-the-next-upgrade-but-not-when/

For a coin that said it would be POS in Dec of 2017 and ended up going POS in Sept 2022 I think a very long wait is in store for all staked ETH.

I staked $300 worth on coinbase that is drawing a big 4%

So it is dropped in value to $234.87 including about $3 worth of interest.

It will continue to drift downwards as all the unstated coins are being slowly sold off into USD BTC LTC and DOGE.

Those staked coins help to anchor the price and slow the slide in value of the free eth coins that are being dumped as I type.

It is well worth it for me to have the $300 staked as it will give me rights to sue down the road.  Figure Dec 2023 to Feb 2024 for the crash to show better.

I say Jan 2025 will be when they 'free' the staked coins.

I think you are very pessimistic about your staked coins. Vitalik cannot delay the process for such a long time, so I believe that in the middle of 2024 the opportunity to withdraw coins will appear. But for $300, I wouldn't worry too much.

[philipma1957]

Even before the core developers met, they’d determined that Beacon Chain withdrawals, or EIP 4895, was definitely going to be part of the fork. This means that once Ethereum goes through its next upgrade, users that staked ether prior to the Merge by locking them up in the Beacon Chain smart contract will be able to access them, along with any additional accrued rewards.

By the end of this call, the timeline for Shanghai wasn’t any clearer. Some developers want to expedite Shanghai and include only the ETH withdrawal EIP along with a few other smaller EIPs, sometime in March 2023. Then, a subsequent fork would include another significant scaling upgrade – proto-danksharding – and would ship sometime during the fall of 2023.

https://www.coindesk.com/tech/2022/11/24/ethereum-developers-agree-on-what-could-be-included-in-the-next-upgrade-but-not-when/

For a coin that said it would be POS in Dec of 2017 and ended up going POS in Sept 2022 I think a very long wait is in store for all staked ETH.

I staked $300 worth on coinbase that is drawing a big 4%

So it is dropped in value to $234.87 including about $3 worth of interest.

It will continue to drift downwards as all the unstated coins are being slowly sold off into USD BTC LTC and DOGE.

Those staked coins help to anchor the price and slow the slide in value of the free eth coins that are being dumped as I type.

It is well worth it for me to have the $300 staked as it will give me rights to sue down the road.  Figure Dec 2023 to Feb 2024 for the crash to show better.

I say Jan 2025 will be when they 'free' the staked coins.

I think you are very pessimistic about your staked coins. Vitalik cannot delay the process for such a long time, so I believe that in the middle of 2024 the opportunity to withdraw coins will appear. But for $300, I wouldn't worry too much.

yeah I don’t worry at all about the 300 that is now about 215. and that is with interest jumping to 6.85%

my usa i bonds backed by the fed pay 6.89% and the dollars always stay as a dollar with an i bond.

I have a lot more staked on the i bonds than i have staked on the eth.

more then 1000 or 2000 or 3000.

my gut tells me they will do far better than the eth does.

[FP91G]

yeah I don’t worry at all about the 300 that is now about 215. and that is with interest jumping to 6.85%

my usa i bonds backed by the fed pay 6.89% and the dollars always stay as a dollar with an i bond.

I have a lot more staked on the i bonds than i have staked on the eth.

more then 1000 or 2000 or 3000.

my gut tells me they will do far better than the eth does.

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

[joker_josue]

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

[arielbit]

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

LOL there's a reason why you, him and me are years and years into crypto  .

[philipma1957]

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

LOL there's a reason why you, him and me are years and years into crypto  .

Yep but every once in a while US bonds are a good hedge.

First time in over 15 years 

[joker_josue]

LOL there's a reason why you, him and me are years and years into crypto  .

Yep but every once in a while US bonds are a good hedge.

First time in over 15 years 

Furthermore, surely many of us got into Bitcoin with financial dependence in mind and not with the aim of obtaining financial returns (although that is another advantage of Bitcoin).

Government securities, on the other hand, are investments with the sole objective of obtaining a return. Invest 1000$ today, for 1-2 years from now we will have 1100$. And we know it's a guaranteed return, unless the country goes bankrupt. That in the case of the US, if that happens, money would be the least of our problems...

[FP91G]

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

[joker_josue]

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

If they are the same, the result is zero. That is, it is true that I do not win, but I do not lose either.
Anyone who has the opportunity to make this type of investment at least knows that it will partially mitigate the impact of inflation.
Of course, this will not work in all countries or for all types of people, but in some cases it is a viable option.

[philipma1957]

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

Okay lets say I have 10000 usd in USA I bonds.

Some pay 6.9% others pay 9.62%

pretend it comes to 8% for a year or 800 usd

so 10000 turns into 10800. basically a perfectly pegged USD token as it is USD.

Lets pretend I have 10000 in eth staked on coinbase.

my 300 dropped to 250 even with the 6.85% they are promising which by the way is up from 4%

if i had done 10000 it would  be around 8300 as eth dropped. it is a bit more eth but less value based on the dollar price of eth.

I am fine with doing speculation as long as I hedge.

so 10000 in an ibond
and 10000 in eth stake.

means a year later.

10800 = ibond free to move around
? in eth stake likely to still be frozen 🥶

so my ibond move acts as a hedge against my eth stake.

this is why A us bond is okay to do.

will it profit against inflation maybe or maybe not but it will be liquid and close to a profit.

while the 10000 in eth could be way up or way down liquid or frozen.

I can do the eth move a lot more easily knowing I have the stable I-bond position.

I am older 65. I cant think hodl for 20 years. but I can do a 2 year flyer on the eth stake cause I know I have the safe i bonds

[FP91G]

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

Okay lets say I have 10000 usd in USA I bonds.

Some pay 6.9% others pay 9.62%

pretend it comes to 8% for a year or 800 usd

so 10000 turns into 10800. basically a perfectly pegged USD token as it is USD.

Lets pretend I have 10000 in eth staked on coinbase.

my 300 dropped to 250 even with the 6.85% they are promising which by the way is up from 4%

if i had done 10000 it would  be around 8300 as eth dropped. it is a bit more eth but less value based on the dollar price of eth.

I am fine with doing speculation as long as I hedge.

so 10000 in an ibond
and 10000 in eth stake.

means a year later.

10800 = ibond free to move around
? in eth stake likely to still be frozen 🥶

so my ibond move acts as a hedge against my eth stake.

this is why A us bond is okay to do.

will it profit against inflation maybe or maybe not but it will be liquid and close to a profit.

while the 10000 in eth could be way up or way down liquid or frozen.

I can do the eth move a lot more easily knowing I have the stable I-bond position.

I am older 65. I cant think hodl for 20 years. but I can do a 2 year flyer on the eth stake cause I know I have the safe i bonds

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings
You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

[philipma1957]

It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.

Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen.
But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term.

I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed.

Okay lets say I have 10000 usd in USA I bonds.

Some pay 6.9% others pay 9.62%

pretend it comes to 8% for a year or 800 usd

so 10000 turns into 10800. basically a perfectly pegged USD token as it is USD.

Lets pretend I have 10000 in eth staked on coinbase.

my 300 dropped to 250 even with the 6.85% they are promising which by the way is up from 4%

if i had done 10000 it would  be around 8300 as eth dropped. it is a bit more eth but less value based on the dollar price of eth.

I am fine with doing speculation as long as I hedge.

so 10000 in an ibond
and 10000 in eth stake.

means a year later.

10800 = ibond free to move around
? in eth stake likely to still be frozen 🥶

so my ibond move acts as a hedge against my eth stake.

this is why A us bond is okay to do.

will it profit against inflation maybe or maybe not but it will be liquid and close to a profit.

while the 10000 in eth could be way up or way down liquid or frozen.

I can do the eth move a lot more easily knowing I have the stable I-bond position.

I am older 65. I cant think hodl for 20 years. but I can do a 2 year flyer on the eth stake cause I know I have the safe i bonds

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings
You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

At 85 Having a few million more than I do now is not a major goal for me.

If I had been smarter back in 2011 or 2012 and had the extra few million now it would have been nice.

[swogerino]

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings
You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

[philipma1957]

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings
You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

Growing up in New York city I have had quite a few russian friendships. I still am very close to a Russian couple that I know since 1997. Roman and I would often talk politics he fled Russian in 1989 when he was around 23. I look at the world with a viewpoint from 1961 on.

I remember the cold war as a child. We are heading back to that time. It is sad. Who is to blame?
I guess we all are just a bit responsible , but it is sad to see the world turning and burning time after time.

[joker_josue]

Growing up in New York city I have had quite a few russian friendships. I still am very close to a Russian couple that I know since 1997. Roman and I would often talk politics he fled Russian in 1989 when he was around 23. I look at the world with a viewpoint from 1961 on.

I remember the cold war as a child. We are heading back to that time. It is sad. Who is to blame?
I guess we all are just a bit responsible , but it is sad to see the world turning and burning time after time.

Not wanting to feed the offtopic, I usually say that history repeats itself. Humanity does not learn from the past, the players change but the result is always the same.
If we look closely at the history of civilizations, there must be very few cases where wars have calmed down for periods longer than 100 years. Maybe, at the time of the inquisition in Europe, there weren't so many wars between nations, but it wasn't a good time to live either.

[FP91G]

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings
You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

Russia has good medicine and a lot of good private clinics, but not all people can afford expensive treatment. I have a mining farm in the village, and you can meet a lot of people over 80 years old there. And if you want to live long, then you need to leave the city for the countryside, breathe fresh air and buy natural products, and not what they sell in stores in the city.

[swogerino]

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings
You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

Russia has good medicine and a lot of good private clinics, but not all people can afford expensive treatment. I have a mining farm in the village, and you can meet a lot of people over 80 years old there. And if you want to live long, then you need to leave the city for the countryside, breathe fresh air and buy natural products, and not what they sell in stores in the city.

That is true that there is a lot of pollution in the cities and I believe the only big ones in Russia where truly the heart of their economy is Moscow and Petersburg,everything else I believe to be divided equally between all other cities although I don't know the Russian history that much.Even where I live there are a lot of good private clinics but not many people can afford them so what is the point on having them,just for the millionaires,does not make any sense to me.

Unfortunately the last two decades where the average Russian increased his personal earnings during Putin regime it is all going straight into the garbage now because of the error of one man and no one is up to protest about it,that is a catastrophic economic mistake that Russia is making and people there are supporting this mistake.

[FP91G]

And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings
You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary.

Don't worry now Putin will make sure this goes well below 70 with the stupidity of isolating Russia further and further.I don't want to bring this thread to political views but it is impossible when Russia is mentioned now,the fact that they ask for important parts for their technology chain from India says a lot to me and since Russia is already with this war about 40-50 years behind in technology compared to the West they better stop this war and sit down in the negotiations table rather than isolating further Russia up to a point where there is no return.

Russia has good medicine and a lot of good private clinics, but not all people can afford expensive treatment. I have a mining farm in the village, and you can meet a lot of people over 80 years old there. And if you want to live long, then you need to leave the city for the countryside, breathe fresh air and buy natural products, and not what they sell in stores in the city.

That is true that there is a lot of pollution in the cities and I believe the only big ones in Russia where truly the heart of their economy is Moscow and Petersburg,everything else I believe to be divided equally between all other cities although I don't know the Russian history that much.Even where I live there are a lot of good private clinics but not many people can afford them so what is the point on having them,just for the millionaires,does not make any sense to me.

Unfortunately the last two decades where the average Russian increased his personal earnings during Putin regime it is all going straight into the garbage now because of the error of one man and no one is up to protest about it,that is a catastrophic economic mistake that Russia is making and people there are supporting this mistake.

I recently wanted to make an appointment with the doctor. The initial appointment usually costs $15-30, depending on the experience of the doctor. I chose the best clinic where the initial appointment costs $ 100, but I was offered to make an appointment only at the end of February 2023.
Even now, the demand for good medicine is high. And if I do not want to wait until the end of February, then I was offered an appointment with this doctor in 10 days at a more expensive price.

[arielbit]

What's up with health issues here? I bet it is more with crappy things you put in your bodies than pollution.

Drink distilled water, megahome brand can do it cheaper. Sprouting with grow lights (you have the electrical capability since you are miners).

There is HEPA filters for air filtration, you can also convert AC or anything that intake and expels air with a filter sheet that is not HEPA level but is good enough.

If you spend 1000$ more on healthy food every month vs saving 1000$ every month...do the math for hospitalization, you'll end up better and live better eating delicious and healthy foods.

If low on $$$, then you can convert those $$$ to time and energy to grow your sprouts and have a garden. You can spend less on supplements and food by having a garden.

....aaaaaaand all this investment talk here will be erased with a good 10x or better a 100x or a 1000x LOL  

[FP91G]

It depends on how long summer is in your country. If you have 4 months of summer, then in the remaining 8 months, growing food will be very difficult, trumpeting time and good skills.  You can buy a house in the village and take care of your own garden when the profit from mining is enough to live on, but now everything has changed.